Top Analyst Says Nvidia Poised For Strong Q2 Results: 'There's Still A Ton Of Spending On The AI Chips'
Portfolio Pulse from Benzinga Neuro
Wedbush Securities predicts strong Q2 earnings for Nvidia, driven by AI chip demand. Despite recent share drops due to demand concerns and potential GPU issues, Wedbush maintains a 'buy' rating. Nvidia's upcoming earnings report is crucial, with investors keen on future AI chip demand insights.
August 20, 2024 | 10:57 am
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Wedbush Securities expects Nvidia to report strong Q2 earnings, driven by high AI chip demand. Despite recent share price drops due to demand concerns and potential GPU issues, a 'buy' rating is maintained.
Wedbush Securities' positive outlook on Nvidia's Q2 earnings is based on strong AI chip demand, despite recent share price drops due to concerns over demand and GPU issues. The 'buy' rating suggests confidence in Nvidia's performance, likely boosting short-term stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100